Matthew P. Deines EVP/Chief Financial Officer Sound Financial, Inc. Seattle, Washington 98121 Dear Mr. Deines:Sound Financial Bancorp, Inc. • March 27th, 2012
This letter sets forth the agreement between Sound Community Bank, Seattle, Washington (the “Bank”), the wholly-owned subsidiary of Sound Financial, Inc. (the “Company”), which in turn is the majority-owned subsidiary of Sound Community MHC (the “MHC”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with the second step conversion transaction by the Company. The scope, timing and fee structure for these appraisal services are described below.
